Several of Europe’s major stock exchanges have reported significant declines in equities trading volume and value for the full year of 2009 compared with 2008, but activity in exchange-traded funds bucked the general trend.
Pan-European multilateral trading facility Chi-X Europe has extended the pricing promotion it introduced last year for adding liquidity to its Chi-Delta dark pool.
Nasdaq OMX Europe, the pan-European multilateral trading facility (MTF) operated by US-based exchange group Nasdaq OMX, plans to increase its fees for routing passive orders to primary exchanges only two months after a similar increase.
FXall, a multi-bank foreign exchange electronic trading platform for financial institutions, has agreed to purchase LavaFX, a rival FX trading system owned by investment bank Citi.
Patsystems, a derivatives trading solution provider, has launched connectivity services to EDX London, the equity derivatives exchange operated by the London Stock Exchange Group.
The London Stock Exchange (LSE) has agreed to purchase investment bank-owned pan-European multilateral trading facility (MTF) Turquoise and create a new venture through the merger of Turquoise and the LSEs Baikal initiative.
Peter Randall, the new CEO of pan-European trading venue Equiduct, has said his main priority will be to make sure the firm’s value proposition is clearly understood by market participants.
US equities trading venue BATS Exchange has announced plans to enter the listings market, opening up a new front of competition against rival incumbent exchanges.
The UK financial regulator, the Financial Services Authority (FSA), has laid out a vision for trading over-the-counter (OTC) derivatives in which standardisation and centralised clearing are preferable, but not mandatory.